SAN DIEGO, March 15, 2021 /PRNewswire/ -- Nuvve
Corporation ("Nuvve"), a global leader in vehicle-to-grid
(V2G) technology driving the electrification of transportation,
today announced that the Company's Chairman and CEO, Gregory Poilasne, will be participating in a
panel at the 33rd Annual ROTH Conference titled "Gas Stations of
the Future." The panel, to be conducted virtually, will be held on
Wednesday, March 17, 2021 at
11:00am ET.
To access the panel, please visit:
https://wsw.com/webcast/roth35/panel25/2112435.
Nuvve announced recently that it will go public through a
business combination with Newborn Acquisition Corp. (Nasdaq: NBAC)
("Newborn"), pursuant to a definitive merger agreement between the
parties. The new proposed ticker symbol is "NVVE" to be traded on
the Nasdaq.
About Nuvve Corporation
Nuvve Corporation is a
San Diego-based green energy
technology company whose mission is to lower the cost of electric
vehicle ownership while supporting the integration of renewable
energy sources, including solar and wind. Our proprietary
vehicle-to-grid (V2G) technology – Nuvve's Grid Integrated Vehicle
(GIVe™) platform – is refueling the next generation of electric
vehicle fleets through cutting-edge, bidirectional charging
solutions. Since our founding in 2010, Nuvve has been responsible
for successful V2G projects on five continents and is deploying
commercial services worldwide.
Nuvve Press Contact
Marc Trahand, EVP Marketing
marc@nuvve.com
+1 858 250 9740
Nuvve Investor Contact
Lytham Partners
Robert Blum or Joe Dorame
nuvve@lythampartners.com
+1 602 889 9700
About Newborn Acquisition Corp.
Newborn Acquisition Corp. is a blank check company, holding
approximately $57.5 million in its
trust account, formed for the purpose of effecting a merger, share
exchange, asset acquisition, share purchase, reorganization or
similar business combination with one or more businesses.
Important Information and Where to Find it
In connection with the proposed business combination between
Nuvve and Newborn, Nuvve Holding Corp. ("Nuvve Holdings"), as the
successor to Newborn, has filed a registration statement on Form
S-4 (the "Form S-4") with the SEC. The Form S-4 includes a
definitive proxy statement/prospectus of Newborn and Nuvve
Holdings, which Newborn will file with the SEC as a proxy statement
on Schedule 14A, for the solicitation of proxies from Newborn's
shareholders and for the offering of Nuvve Holdings' securities to
the security holders of Newborn and Nuvve in the business
combination. Additionally, Newborn and Nuvve Holdings have filed
and will file other relevant materials with the SEC in connection
with the business combination. Copies may be obtained free of
charge at the SEC's web site at www.sec.gov. The definitive
proxy statement/prospectus has been mailed to Newborn shareholders
as of a record date to be established for voting on the proposed
business combination. Investors and security holders of Newborn are
urged to read the proxy statement/prospectus and the other relevant
materials before making any voting decision with respect to the
proposed business combination because they contain important
information about the business combination and the parties to the
business combination. The information contained on, or that may be
accessed through, the websites referenced in this press release is
not incorporated by reference into, and is not a part of, this
press release.
Participants in the Solicitation
Newborn and its directors and officers may be deemed
participants in the solicitation of proxies of Newborn's
shareholders in connection with the proposed business combination.
Nuvve and its officers and directors may also be deemed
participants in such solicitation. Security holders may obtain more
detailed information regarding the names, affiliations and
interests of certain of Newborn's executive officers and directors
in the solicitation by reading Newborn's Annual Report on Form 10-K
for the fiscal year ended December 31,
2019, and the proxy statement/prospectus and other relevant
materials filed with the SEC in connection with the business
combination. Information concerning the interests of Newborn's and
Nuvve's participants in the solicitation, which may, in some cases,
be different than those of their stockholders generally, is set
forth in the proxy statement/prospectus relating to the business
combination.
No Offer or Solicitation
This communication does not constitute an offer to sell or the
solicitation of an offer to buy any securities or constitute a
solicitation of any vote or approval.
Forward Looking Statements
The information in this press release includes "forward-looking
statements" within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended. All statements, other than statements of
present or historical fact included in this presentation, regarding
the proposed business combination between Newborn and Nuvve and
Nuvve's strategy, future operations, estimated and projected
financial performance, prospects, plans and objectives are
forward-looking statements. When used in this press release, the
words "could," "should," "will," "may," "believe," "anticipate,"
"intend," "estimate," "expect," "project," the negative of such
terms and other similar expressions are intended to identify
forward-looking statements, although not all forward-looking
statements contain such identifying words. These forward-looking
statements are based on management's current expectations and
assumptions about future events and are based on currently
available information as to the outcome and timing of future
events. Except as otherwise required by applicable law, Newborn and
Nuvve disclaim any duty to update any forward-looking statements,
all of which are expressly qualified by the statements in this
section, to reflect events or circumstances after the date of this
press release. Newborn and Nuvve caution you that these
forward-looking statements are subject to numerous risks and
uncertainties, most of which are difficult to predict and many of
which are beyond the control of either Newborn or Nuvve. In
addition, Newborn cautions you that the forward-looking statements
contained in this press release are subject to the following
factors: (i) the occurrence of any event, change or other
circumstances that could delay the business combination or give
rise to the termination of the agreements related thereto; (ii) the
outcome of any legal proceedings that may be instituted against
Newborn or Nuvve following announcement of the transactions; (iii)
the inability to complete the business combination due to the
failure to obtain approval of the shareholders of Newborn, or other
conditions to closing in the merger agreement; (iv) the risk that
the proposed business combination disrupts Nuvve's current plans
and operations as a result of the announcement of the transactions;
(v) Nuvve's ability to realize the anticipated benefits of the
business combination, which may be affected by, among other things,
competition and the ability of Nuvve to grow and manage growth
profitably following the business combination; (vi) costs related
to the business combination; (vii) risks related to the rollout of
Nuvve's business and the timing of expected business milestones;
(viii) Nuvve's dependence on widespread acceptance and adoption of
electric vehicles and increased installation of charging stations;
(ix) Nuvve's ability to maintain effective internal controls over
financial reporting, including the remediation of identified
material weaknesses in internal control over financial reporting
relating to segregation of duties with respect to, and access
controls to, its financial record keeping system, and Nuvve's
accounting staffing levels; (x) Nuvve's current dependence on sales
of charging stations for most of its revenues; (xi) overall demand
for electric vehicle charging and the potential for reduced demand
if governmental rebates, tax credits and other financial incentives
are reduced, modified or eliminated or governmental mandates to
increase the use of electric vehicles or decrease the use of
vehicles powered by fossil fuels, either directly or indirectly
through mandated limits on carbon emissions, are reduced, modified
or eliminated; (xii) potential adverse effects on Nuvve's revenue
and gross margins if customers increasingly claim clean energy
credits and, as a result, they are no longer available to be
claimed by Nuvve; (xiii) the effects of competition on Nuvve's
future business; (xiv) risks related to Nuvve's dependence on its
intellectual property and the risk that Nuvve's technology could
have undetected defects or errors; (xv) changes in applicable laws
or regulations; (xvi) the COVID-19 pandemic and its effect directly
on Nuvve and the economy generally; (xvii) risks related to
disruption of management time from ongoing business operations due
to the proposed business combination; (xvii) risks relating
to privacy and data protection laws, privacy or data breaches,
or the loss of data; and (xix) the possibility that Nuvve may be
adversely affected by other economic, business, and/or competitive
factors. Should one or more of the risks or uncertainties described
in this press release materialize or should underlying assumptions
prove incorrect, actual results and plans could differ materially
from those expressed in any forward-looking statements. Additional
information concerning these and other factors that may impact the
operations and projections discussed herein can be found in the
proxy statement/prospectus filed by Newborn and Nuvve Holdings with
the SEC and in the other reports that Newborn has filed and will
file from time to time with the SEC, including its Annual Report on
Form 10-K for the fiscal year ended December
31, 2019. Newborn's and Nuvve Holdings' SEC filings are
available publicly on the SEC's website at www.sec.gov.
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SOURCE Nuvve Corporation
